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SMSes for Tues 6 Jan 09 Tuesday, January 6, 2009 @ 2:32AM* THE GRN education system will continue to create dependency syndrome because the emphasis is on reading and writing, not on detailed sciences, craftmanship, nature as well as rural and urban survival life skills.
The power of people Tuesday, January 6, 2009 @ 2:31AMMost Houstonians will remember 2008 as the year Hurricane Ike hit, causing widespread damage and long-term power outages in the U.S. from Galveston to Ohio.
Growth rate of health spending slows in U.S. Tuesday, January 6, 2009 @ 2:31AMU.S. health care spending in 2007 grew at its lowest rate in nine years, due mainly to a slowdown in prescription drug spending and lower administrative costs for the Medicare program, according to a new government report released Monday.
Bank stocks make the most of govt, RBI action Tuesday, January 6, 2009 @ 2:31AMBanking stocks reaped windfall gains on a day the market was enthused by the Reserve Bank of India’s (RBI) liquidity boost and the government’s stimulus package.
Home finance firms need Rs 40,000 crore Tuesday, January 6, 2009 @ 2:30AMTwenty-one housing finance companies (HFCs) have assessed their fund requirements during the fourth quarter at around Rs 40,000 crore.
Portable health covers to have limited benefits Tuesday, January 6, 2009 @ 2:30AMGeneral insurers may be touting portability of health covers as the next big consumer-centric reform, but the benefits will be limited to only those individuals who decide to lower their coverage to Rs 1 lakh.
2008: Floodway rules ‘tremendous victory, relief’’ Tuesday, January 6, 2009 @ 2:30AMAfter considerable haggling, the City Council of Houston approved guidelines in late July that allow construction on vacant land within federally designated floodways in the city.
SCI, GE Shipping likely to take a hit as slump looms over tanker segment Tuesday, January 6, 2009 @ 2:29AMShipping Corporation of India (SCI), GE Shipping and other energy carriers are expected to take a hit on their revenue as the key tanker segment is feeling the pinch of economic slowdown.
The final bolt Monday, January 5, 2009 @ 6:36AMThe “final” package of measures announced by the Reserve Bank of India (RBI) and the government on Friday highlight both the opportunities and the constraints that confront policy-makers as they deal with the economic slowdown.
Brazil and Chile: Latin American Bond and Currency Preview Monday, January 5, 2009 @ 6:35AMJan. 5 (Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from the previous session.
(AFX UK Focus) 2009-01-05 12:11 UPDATE 2-Indonesia eyes stimulus to create jobs, growth Monday, January 5, 2009 @ 6:35AMBy Harry Suhartono and Andreas Ismar
Sponsored Listing Monday, January 5, 2009 @ 6:34AMOil and gas engineering concern Plexus Holdings has won a four-year contract to supply equipment to Brunei Shell Petroleum.
European Bonds Drop as Stock Gains Sap Demand for Safest Assets Monday, January 5, 2009 @ 6:34AMJan. 5 (Bloomberg) -- European government bonds fell the most in almost four weeks as gains in stock markets reduced investor demand for the safest assets.
Sun to offer premium price for buying Taro pie Monday, January 5, 2009 @ 6:34AMIn May, Taro had unilaterally terminated $-454 million merger agreement signed between Taro and Sun Pharma in 2007, citing undervaluations of its shares. Thereafter, both companies had filed suits against each other in Israel and New York.
Dollar 3-month interbank rates rise modestly Monday, January 5, 2009 @ 6:34AMThe cost of three-month dollar loans between banks rose modestly Monday, but the equivalent rates in euros and British pounds fell ahead of expected interest rate reductions from the European Central Bank and the Bank of England.
Nobody’s managed to get back at Naved, the radio jockey at Radio Mirchi’s Delhi FM station, who pulls a fast one ... Sunday, January 4, 2009 @ 11:47AMRadio jockeys are turning mischief mongers and playing pranks on people. FM stations and their listeners are loving it.
Interest rate to dip 4-5% by July: Kamath Sunday, January 4, 2009 @ 11:46AMInterest rates are set to fall by up to five per cent in the next six months as inflation is moving towards zero level, a situation that will make India a low-cost economy and a winner globally, ICICI Bank CEO and Managing Director K V Kamath said on Sunday.
S.D. November Jobless Rate At 3.4 Percent Sunday, January 4, 2009 @ 11:46AMSIOUX FALLS (AP) — South Dakota, with a November unemployment rate of 3.4 percent, has been in a recession since December 2007, according to Ralph Brown, University of South Dakota economics professor emeritus.
Survey: Midwest May Do Better Than Rest Of U.S. In Recession Sunday, January 4, 2009 @ 11:46AMOMAHA, Neb. — The recession will worsen and unemployment rates will likely soar in nine Midwest and Plains states over the next few months, but a new survey of business leaders suggests the region may fare better than the nation as a whole.
Prepaid college tuition proposed in Oregon Sunday, January 4, 2009 @ 11:44AMPORTLAND (AP) — Treasurer-elect Ben Westlund is proposing a college savings plan that he says would be safer for parents than investing in the stock market.
Low interest regime to kick off with SBI cut Sunday, January 4, 2009 @ 7:41AMBanks led by State Bank of India (SBI) are set to lower deposit rates by over 50 basis points by the middle of the month, followed by a reduction in lending rates.
Banks in decent shape, expert says Thursday, January 1, 2009 @ 11:26PMData suggest their stock prices have fallen too far, and they are well capitalized, he argues.
Real Estate Predictions For 2009 Thursday, January 1, 2009 @ 11:25PMThe year 2008 saw prices fall and foreclosures rise, but will 2009 see the real estate market get back on track? In a word, not likely. "We think 2009 is going to be a very difficult time," said Daniel Brodsky, Brodsky Organization.
Kerrville Daily Times Subscriber Services Thursday, January 1, 2009 @ 11:25PMYou can still count on Kerrville Daily Times to learn about the stories that matter most in your life. The stories just around the corner. If you have a story to tell, our reporters want to hear it - and Kerrville Daily Times wants to deliver it. You have a voice through us!
Maruti: A-star foretells a better 2009-10 Thursday, January 1, 2009 @ 11:24PMIndia’s largest car maker, Maruti Suzuki continues to find the going tough in 2008-09; it could end the year with smaller volume numbers even if things improve in the last three months.
ICICI Bank: Consolidation time Thursday, January 1, 2009 @ 11:23PMThe bank’s loan growth could be moderate in 2009-10 too as it attempts to bring down the cost of funds and grapples with bad loans.
Nifty likely to hit 3,100-level Thursday, January 1, 2009 @ 11:22PMMarkets kicked off the New Year on a positive note, rising 2.7 per cent and value-buying in key index stocks such as Reliance Industries, ICICI Bank and State Bank of India.
Bay Area people to watch in 2009 Wednesday, December 31, 2008 @ 8:52PMFrom familiar names like Dianne Feinstein and Donald Fisher to lesser-known faces like Susan Illston and Benjamin Jealous, a broad range of people will be making the news in 2009. Here are just some of the people likely to make headlines in the upcoming year....
Sayonara SpongeBob? Viacom threatens to pull channels from Time Warner in deal dispute Wednesday, December 31, 2008 @ 8:50PMLOS ANGELES — “SpongeBob SquarePants” might get squeezed off Time Warner Cable.
Without Navy aid, water district rates could spike Wednesday, December 31, 2008 @ 8:50PMSouth Farmingdale Water District customers could see a hefty rate hike if contamination from the former Northrop Grumman defense site in Bethpage fouls drinking water wells before the Navy releases payment for an agreed-upon treatment system.
Metals: Meltdown Wednesday, December 31, 2008 @ 8:48PMTo say that 2008 was a lacklustre year for metal stocks would be an understatement. The BSE Metals Index was the second worst performing index in 2008 second only to real estate sector, having fallen by nearly 75 per cent.
Editorial: Budget for it Wednesday, December 31, 2008 @ 8:48PMGiven that the economy is unlikely to recover momentum in the short run, the pressure on the government to come out with more stimulus packages is certain to increase — a second stimulus package is expected any day now.
Shyam Ponappa: Cut Interest Rates To Revive Growth Wednesday, December 31, 2008 @ 8:47PMSignificant interest rate cuts can deliver price cuts and revive growth. India managed 8.8 percent growth annually for five years. “If it could keep this up, India would be transformed, as China has been,” says The Economist.*
Ready reckoner prices of property remain unchanged Wednesday, December 31, 2008 @ 8:45PMReflecting the sombre mood in the real estate sector, the Maharashtra government, for the first time in eight years, has not changed the indicative prices of properties in the ready reckoner, which is used by the government to charge stamp duty on property transactions.
More lenders cut interest rates Wednesday, December 31, 2008 @ 8:45PMJoining the rate cut bonanza , Bangalore- based public sector lender Canara Bank today reduced its benchmark prime lending rate (BPLR) by 75 basis points from 13.25 per cent to 12.50 per cent with effect from January 1, 2009. The new rates are also applicable to micro, small and medium enterprises, and housing sector borrowers, which are currently linked to BPLR, the bank said.
Call rates soften on comfortable liquidity Wednesday, December 31, 2008 @ 8:45PMTracking comfortable liquidity in the system, inter-bank lending rates closed at around 6.5 per cent on the last day of 2008. The rates were a shade lower compared to 7 per cent prevailing in the beginning of the year.
G-sec yield drops by 254 bps Wednesday, December 31, 2008 @ 8:44PMIn line with the fall in inflation and interest rates, the yield on 10-year government bonds declined by 254 basis points in 2008 to close a tad below 5.25 per cent. This is biggest fall since 2001.
Pound Drops Against Euro on View BOE to Cut Rates More Than ECB Tuesday, December 30, 2008 @ 6:40AMDec. 30 (Bloomberg) -- The pound fell against the euro for a seventh day, edging closer to parity with the common currency, on expectations the Bank of England will cut interest rates faster than the European Central Bank.
Parekh committee submits report on affordable housing Tuesday, December 30, 2008 @ 6:39AMCalls for simplified land acquisition norms. The task force on Affordable Housing set up by the Ministry of Housing and Urban Poverty Alleviation has suggested a broader definition for “affordable housing” to cater to the housing demands of various sections of the society.
Tata Power, Essar Power, L&T opt out of Tilaiya Tuesday, December 30, 2008 @ 6:39AMReliance Power, Lanco, NTPC submit technical bids.
Provincial fishery proceed exceeds $1 billion for second year Tuesday, December 30, 2008 @ 6:39AMThe Provincial Department of Fisheries and Aquaculture has estimated fishery production value for 2008 will be on par with 2007, and is again expected exceed $1 billion for the year.
Report of collision at E. Kearney, N. Packer Tuesday, December 30, 2008 @ 6:39AMA noninjury collision was reported at 6:06 a.m. at East Kearney Street and North Packer Road, according to Ozarkstraffic.info.
Rupee ends flat, closes at 48.42 Tuesday, December 30, 2008 @ 6:39AMThe rupee recouped all losses against the dollar to end slightly up because banks sold the greenback noting the intra-day reversal in local shares amid thin volumes, dealers said.
NPA management biggest challenge for banks in 2009 Tuesday, December 30, 2008 @ 6:39AMAfter the global financial turmoil in 2008, Indian banks begin the new year with a lurking fear that their Non Performing Assets (NPA) would go up with their portfolios coming under severe stress.
ICICI Bank says it will reduce rates early next month Tuesday, December 30, 2008 @ 6:38AMPunjab National Bank (PNB) and Dena Bank today announced a reduction in their benchmark prime lending rates (BPLR), while the country’s second largest lender, ICICI Bank, said it would cut rates on home, personal and auto loans early next month.
Site lets consumers shop for better rate on insurance Monday, December 29, 2008 @ 12:09AMAUSTIN – Financially pressed homeowners unhappy with their insurance rates will find that while there are few bargains in the Dallas area, the premiums charged in their neighborhoods can vary widely depending on the company and the type of policy being sold.
Insecure India proves a bonanza for the security business Monday, December 29, 2008 @ 12:08AMThere is a sea change in attitudes to public security after the virtually monthly terror attacks in all parts of India all through 2008. Will the central bank cut interest rates further?
Number of young blacks involved in slayings is up sharply, study shows Monday, December 29, 2008 @ 12:08AMBy LARA JAKES WASHINGTON — The number of young black men and teenagers who either killed or were killed in shootings has risen at an alarming rate since 2000, a new study shows. The study, to be released today by criminologists at Northeastern University in Boston, comes as FBI data show that homicides have leveled off nationwide. Not so for black teens, the youngest of whom saw dramatic ...
US to drag China to WTO if promises not met Monday, December 29, 2008 @ 12:08AMThe US has warned that it will drag China to the World Trade Organisation (WTO) dispute settlement panel if the world’s fastest growing economy does not implement the commitments it made before joining the 153-member multilateral trade body.
India faces huge manpower crunch: study Monday, December 29, 2008 @ 12:08AMIndia’s fast growing services sector is likely to face huge shortage of trained manpower by 2012. This is despite the fact that Asia’s third largest economy has more than half its population in the working age group — the highest among large developing countries.